Palantir reports booming U.S. commercial revenue growth, topping government for first time

Palantir Technologies reported strong Q3 results, with adjusted earnings per share of 44 cents, surpassing analyst expectations of 41 cents per share. The company's revenue of $2.313 billion marked a 96% increase year-over-year, with U.S. commercial revenue overtaking government revenue for the first time. U.S. commercial sales reached $984 million, up 148% year-over-year, while government sales rose 96% to $953 million.

Palantir raised its full-year revenue guidance for the third time this year, with an expected $2.649 billion to $2.653 billion in fourth-quarter revenue and adjusted operating income of $1.640 billion to $1.644 billion.

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